Baby Tax Credit score scams: IRS warns of thieves making an attempt to steal cash and private data

Less than a week after child tax credit payments began charging American families’ bank accounts, the IRS is already warning of potential thieves trying to steal the money.

The agency said there are several tactics scammers use over the phone, email, text message and social media to gain access to recipients’ personal information.

Families should know that any communication offering help with filing for child tax deduction or expediting monthly payments is likely to be a scam.

If you receive unwanted calls or messages, do not provide any personal information, click links, or open attachments.

This could lead to loss of money, tax fraud, identity theft and, since you would have to deal with it, a major headache.

While scammers are trying to get more innovative (imagine putting that energy into something productive!) There are still easy ways to find out if the IRS is really trying to contact you.

  • The IRS does not contact taxpayers via email, text message, or social media channels to request personal or financial information, including information related to child tax credit.
  • The IRS does not leave any pre-recorded, urgent, or threatening messages. Aggressive calls warning taxpayers of lawsuit or arrest are fake.
  • The IRS will not call taxpayers and ask them to provide or verify financial information so they can receive monthly child tax credit payments.
  • The IRS does not request payment by gift card, wire transfer, or cryptocurrency.

RELATED: Child Tax Credit Update Portal | Internal Revenue Service

If you are eligible for child tax credit prepayment, the IRS will use information from your 2020 or 2019 tax return to automatically register you for prepayments. That means you don’t have to take any additional action.

However, taxpayers who are not required to file a tax return or have not provided their information to the IRS can contact this page on the agency’s website to provide basic information for child tax deduction.

You can also report suspicious phishing and online fraud to the IRS.

The first payment of the extended child tax credit was made on July 15. Payments are made on the 15th of each month, provided that this does not fall on a weekend or a public holiday.

The amount of money you receive depends on your household income and the size of your family.

Use the calculator below to find out how much you can get under the new child tax credit. Your data will not be saved in any way.

Calculator is not displayed correctly? Click here to view in a new window.

The video above is a previous review that explains what you need to know about tax credit.

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